Friday, March 31, 2023
MARKET UPDATE
Advertisement

TheCable

Advertisement

Tag "ways and means facility"

Debt will only hit N77trn if N22.7trn ways and means is included, says DMO

    Debt will only hit N77trn if N22.7trn ways and means is included, says DMO

The Debt Management Office (DMO) has explained that public debt would only hit the projected N77 trillion if the ways and means advances from the Central Bank of Nigeria (CBN)

0 comment Read Full Article

World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

    World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

The World Bank says interest payments on the federal government’s borrowing from the Central Bank of Nigeria (CBN) will gulp over 62 percent of revenue by 2027. The international financial

0 comment Read Full Article

CBN: FG borrowed N6.3trn through ways and means in 10 months

    CBN: FG borrowed N6.3trn through ways and means in 10 months

The federal government borrowed N6.3 trillion from the Central Bank of Nigeria (CBN) in the first 10 months of 2022. Ways and Means is a loan facility through which the

0 comment Read Full Article

FG to repay N20trn ‘Ways and Means’ loan with treasury bills

    FG to repay N20trn ‘Ways and Means’ loan with treasury bills

The federal government says it will repay the N20 trillion debt owed to the Central Bank of Nigeria (CBN) with securities such as treasury bills and bonds issuance. Zainab Ahmed,

0 comment Read Full Article

Fitch ratings: FG’s sustained borrowings from CBN to fund budget deficit may raise risks

  Fitch ratings: FG’s sustained borrowings from CBN to fund budget deficit may raise risks

Fitch Ratings, a credit rating agency, says repeated recourse by the federal government (FG) to its ways and means facility

0 comment Read Full Article